
Public money will not be used to clean up abandoned wells says Jean
Alberta’s energy minister says the government will never use public tax dollars to clean up abandoned oil and gas wells.
Brian Jean says it will never be an option, despite a newly leaked government-funded report listing recommendations for how Alberta should reclaim its nearly 80,000 inactive wells.
The recommendations include creating companies backstopped by taxpayers that would acquire abandoned wells and use revenues from them to fund the cleanup.
It also recommends setting up an insurance fund financed by industry that is ultimately backstopped by the province.